Home Owners' Loan Corp. v. Jaremko

The opinion of the court was delivered by

Smith, J.:

This was an action to foreclose a mortgage on real estate. Judgment was for plaintiff foreclosing the mortgage and fixing the period of redemption at eighteen months. Plaintiff appeals from that part of the judgment giving the defendant eighteen months in which to redeem.

The action was tried on an agreed statement of facts. As far as we are concerned they are as follows: May 18,1931, defendants entered into a contract with the owners of the property in question. By the terms of the agreement defendants were given the option of purchasing the…